Silver Crashes.. Other Commodities too

Silver crash made all bulls wonder what happened. We have been repeatedly mentioning directly about the inevitable Silver crash and that would pull down all the other commodities and global equity markets. Now it settled a bit for a quick breathe. It is hovering around the retracement level that is $35. And it may bounce back to $41/Ounce in very short term.

Happy Investing and Happy Trading!!!

Silver will lead the Crash in Market

Yes. Silver will lead the crash in commodities market. There are so many fundamental re, asons behind it. There are other fundamental analysts back silver bull run as needed one. They talk about Industrial demand, Hedging, Investment opportunities, consumptions, etc. But tell me honestly, have all the industrial metals gone up like silver? have gold really stronger as silver is? Consumers ? who are they? All speculation. Look at the other industrial metals and Precious metals. They have gone up. I agree. But not like silver. Look at the ration of Gold and Silver. Its shrunk to historical ratio. Once again I tell you " Silver will lead the crash in Market ". Equity markets may suffer too.

View for the Day

Silver has formed double-top formation in daily chart. On 25th, Silver made a new high of 49.77$/ounce and on 28th, silver touched 49.52$ that was close to its previous high. Thus forming a double-top formation. And there is a strong indication of RSI/Stochastics suggest Over-bought situation. In Silver day chart, Shooting-star formation, which is considered to be bearish, reversal pattern among technical analysts. But the momentum considered to be bullish. Breaking of 48$ will take down the metal to 46.20$ that is considered to be a very good support. Breaching the support will result in $44.xx levels. Be Cautious. Always amend stop-loss.

Happy Investing and Happy Trading!!!

It was Crude oil; Now its Silver

We had an enormous price bubble that we witnessed in 2008. Yes, you are right. Its Cruel Oil - Crude Oil. Now we are witnessing the same patterns and similar price movements in Silver. Its advised to stay cautious, the bull moves would lure you to get into deep trap pit. Beware and Be Aware. Silver is Going to Crash any time or sooner. Always amend stop-loss to your positions. Paid web-sites talk about Fundamentals, Technicals..blah blah blah.. Bunk everything. If you are an experienced investor/trader follow the fundamentals and technicals all by yourself. Do not get carried away by Greed. Keep in mind that the Commodity Crash is not too far. It may trigger all the commodities to fall. Stock Markets likely to consolidate too. Its inevitable.

Happy Investing and Happy Trading !!!

Markets View on 03rd April 2008!

Markets View on 03rd April 2008!

This weeks Crude oil Inventories rose fae more than expected to +7.4 mln Barrels from Previous Week Data. But Gasoline stocks Fell to 4.5 Mln Barrels, Heating Oil Stocks fell by 1.6 mln Barrels. Though Crude oil was far better than expected, crude oil held in the higher levels because of Disappointing Gasoline and Heating oil Inventory Figures. The FED rate cut expectation on April 30th, 2008 boosted the bulls. Most of the traders expect FED to cut atleast 25 BPS this time. May or May not cut this time. But this news may help only for few days.
Crude Oil always rebounds from 99-100 $ per Barrel. Strong Buying comes those levels. And also global news helps it fortunately. This week case was FED"

Trading Range : 103.20 - 106.60
Support : 101.35
Resistance : 108.44

* Break of the level 103.20 will result in touching 101 levels. Be cautious of 106.60 Level*

Happy Trading!



Jin & Team

Markets Ahead for Monday, 31st March 2008 !!!

Markets Ahead for Monday, 31st March,2008 !!!

Crude Oil was on Boil, But not any more. Optimism of the people gets evaporated in that Boil.
Trading Range : $ 104.10 to $107.10
Support : $ 103.00 & $101.30
Resistance : $ 108.80 & $110.00

Tension in Iraq, supported the crude oil price to take a V" turn from 99 $ levels. Oil Inventories showed no improvement in its stockpiles as it was expected to be + 1.8 mln barrels. Gasoline Stockpiles fell eventually. Pulled the prices by more than 9 Dollars from the recent low of $99.12
Two pipelines were bombed by some Gunmen lastweek, helped the oil to retreat to higher levels. Now the tension is subsiding a bit.
For more details visit this link on this
http://www.usatoday.com/news/world/2008-03-27-iraq-pipeline_N.htm

Comments for Monday, 31st March,2008.

Oil has a very good immediate support at $103.00 level. Sustaining below this level might result in reaching 99$ or even breaking the recent low. We are expecting Improvement in Stockpiles in this week Inventories.

Happy Trading !!!

Regards,

Jin & Team
Have a Nice WeekEnd.

Iraqi Pipelines blown up by Gunmen !!!

For more details check out the links here...
http://www.usatoday.com/news/world/2008-03-27-iraq-pipeline_N.htm
http://www.guardian.co.uk/feedarticle?id=7415433
http://www.forbes.com/markets/feeds/afx/2008/03/27/afx4820171.html

Regards,

Jin & Team

We are Back !!! And We Welcome You All Back!!!

We are Back !!! And We Welcome You All Back to our Commodity Blog!!!

Thank you All !!!

Regards,

Jin & Team

Weekly Levels Update : 13 - 17 March 2007

Levels for the Week - 13 - 17 March 2007

Gold : XAUUSD

Expected Range : 634.50 - 660.50

Support : 620.60
Resistance : 671.60

Trading Call for the Week

Buy @ 647 levels, Stoploss @ 631 and Targets @ 660 / 670.

Bullish Above 647 USD*
________________________________________________

Silver : XAGUSD

Expected Range : 12.48 - 13.22

Support : 12.06
Resistance : 13.54

Trading Call for the Week

Buy @ 12.80 levels, stoploss @ 12.40 and Target @ 13.20 / 13.50*

Bullish above 12.80 USD*
________________________________________________

Crude Oil : CL Apr'07

Expected Range : 58.90 - 61.70

Support : 57.80
Resistance : 63.40

Trading Call for the Week

Buy on Dips @ 59 USD levels , Stoploss @ 57.70 and Targets @ 62 / 63

Bullish above 60.60 USD*

_________________________________________________

Hint for the Week : Book Profits when have the Chance*

_________________________________________________


Happy Trading !!!

Market Outlook - 05th - 09th March 2007

Market Commentary

Weekly Outlook

Bullion :

Commentary Bullion markets gave us a nasty surprise due to Global Markets Fall. Traders liquidated their funds in Bullion to tackle their margin problems due to the Global Equity Market fall. It breached all the supports without a bounce. Selling was very strong. On Friday, Gold made a low of 639 levels and settled at 642 levels, just near the closing, Silver made a low of 12.71 and settled at 12.91 USD. Market should recover in coming days. Once Gold and Silver close above 656 and 13.45, we can consider it as a bull signal and expect a very good bounce. Traders who is ready to take some risk can buy at 12.25-35 levels in Silver and 630 - 635 levels in Gold without a stoploss. Long term Investors can utilize this opportunity for adding longs.

Crude Oil : Commentary

Last week, Crude oil was very firm, trading in the given trading ranges. Crude oil didnt get affected by the bullion and Global market scenario. On wednesday it touched 59.80 level making the week's low and on the next day,thursday it almost touched the upper resistance level 62.48 and finally on friday it closed at 61.20, inbetween high and low of the week. Crude oil always take its own way whatever happens to Equity Markets, its obvious that there is no much link between Equity markets. Above 61 USD can be considered as a Bull Signal. __________________________________________________________________

Levels for the Week

Gold Spot : XAUUSD

Expected Range : 625.00 - 674.40
Support : 607.50
Resistance : 706.20
_______________________________________

Silver Spot : XAGUSD

Expected Range : 12.18 - 14.18
Support : 11.45
Resistance : 15.45
________________________________________

Crude Oil : CL April'07

Expected Range : 59.55 - 62.25
Support : 58.30
Resistance : 63.70

Happy Trading !!!

Levels for the Week ( 26 Feb - 02 March'07 )

Gold : XAUUSD

Expected Range : 662.90 - 695.30
Support : 643.10
Resistance : 707.80
_______________________________________

Silver : XAGUSD

Expected Range : 13.92 - 14.88
Support : 13.28
Resistance : 15.24
_______________________________________

Crude Oil : CL'April'07

Expected Range : 58.52 - 62.52
Support : 56.15
Resistance : 64.15
________________________________________
Happy Trading !!!